Aquatic Capital Management LLC Makes New Investment in FS KKR Capital Corp. (NYSE:FSK)

Aquatic Capital Management LLC purchased a new stake in shares of FS KKR Capital Corp. (NYSE:FSK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,626 shares of the company's stock, valued at approximately $1,708,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FSK. McIlrath & Eck LLC increased its stake in shares of FS KKR Capital by 47.5% in the 3rd quarter. McIlrath & Eck LLC now owns 2,096 shares of the company's stock valued at $41,000 after buying an additional 675 shares during the period. Jones Financial Companies Lllp boosted its holdings in FS KKR Capital by 194.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,353 shares of the company's stock valued at $51,000 after acquiring an additional 1,554 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in FS KKR Capital in the fourth quarter worth about $52,000. Anchor Investment Management LLC bought a new stake in FS KKR Capital during the 4th quarter worth about $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in FS KKR Capital by 122.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,760 shares of the company's stock worth $60,000 after purchasing an additional 1,520 shares during the last quarter. Institutional investors and hedge funds own 36.26% of the company's stock.

FS KKR Capital Trading Up 2.0 %

FSK traded up $0.39 during mid-day trading on Friday, hitting $19.98. The stock had a trading volume of 1,260,497 shares, compared to its average volume of 1,489,868. The stock's fifty day simple moving average is $20.68 and its 200-day simple moving average is $21.42. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 10.63 and a beta of 0.98. FS KKR Capital Corp. has a 1-year low of $17.42 and a 1-year high of $24.10. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.96 and a quick ratio of 2.96.

FS KKR Capital (NYSE:FSK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). FS KKR Capital had a return on equity of 12.31% and a net margin of 29.98%. The business had revenue of $407.00 million for the quarter, compared to analyst estimates of $419.97 million. As a group, research analysts forecast that FS KKR Capital Corp. will post 2.89 EPS for the current fiscal year.

FS KKR Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 14.01%. FS KKR Capital's dividend payout ratio is presently 122.49%.

Analyst Upgrades and Downgrades

FSK has been the subject of several analyst reports. Royal Bank of Canada lifted their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. lowered their target price on shares of FS KKR Capital from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company cut their price target on FS KKR Capital from $19.00 to $18.00 and set an "underweight" rating on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods decreased their price objective on FS KKR Capital from $22.00 to $19.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $19.90.

FS KKR Capital Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.